Introduction: What Investors Need to Know
The Kasturi Metal Composite IPO has been one of the closely watched SME public issues in January-February 2026. Investors who applied during the subscription period are now eager to check the allotment status, understand grey market premium (GMP) trends, and verify whether they received shares. This guide explains each of these – clearly and step‑by‑step – so you can track your investment results.
Kasturi Metal Composite IPO Overview
- Price Band: ₹61 – ₹64 per share
- Issue Size: ~₹18 crore (approx 27.52 lakh shares)
- Lot Size: 2,000 shares per lot (minimum)
- IPO Period: 27–29 January 2026
- Allotment Finalized: 30 January 2026
- Listing Date: 3 February 2026 on BSE SME segment
This IPO was entirely a fresh issue, meaning all proceeds go to the company’s business objectives – such as expanding manufacturing capabilities and general working capital.
Subscription Status: How Strong Was Demand?
Subscription data shows how many times the IPO was oversubscribed compared with available shares:
Latest Known Subscription Snapshot (Final Days of IPO)
| Investor Category | Subscription (×) |
|---|---|
| Qualified Institutional Buyers (QIB) | ~4× |
| Retail Individual Investors | ~1.1× |
| Non‑Institutional Investors (NII / HNI segments) | ~0.49× |
| Total Subscription | ~1.8× overall |
Note: These numbers reflect the final tally before the IPO closed. A total subscription above 1× means there was demand exceeding available shares overall – positive for allotment chances.
What Is Grey Market Premium (GMP)?
GMP stands for Grey Market Premium – it’s the unofficial premium (or discount) at which IPO shares are trading in the grey market before official listing. This gives a sentiment indicator but not a guaranteed outcome.
Current Kasturi Metal Composite GMP
- As of the latest update, GMP is ₹0, meaning the grey market hasn’t shown a premium or discount (i.e., expected listing price close to issue price).
Important: GMP is unofficial and not regulated by SEBI. It should be used as a sentiment gauge only and not a financial recommendation.
How to Check Your IPO Allotment Status
Once allotment is finalized (usually the day after the IPO closes), you can check online whether you were allotted shares.
Ways to Verify:
- Registrar’s Website (Bigshare Services Pvt Ltd)
Visit the allotment page and enter:- PAN number
- Application number
- DP ID / Client ID
to see your allotment status.
- Stock Exchange Site
- BSE SME IPO Allotment status page
- NSE (if also listed / visibility provided)
- Through Your Broker App
Most broker platforms (Lemonn, Groww, Upstox, etc.) notify allotment status automatically. - Bank / Demat Account
You’ll see the credited shares in your demat account once allotment is complete (usually 1–2 days after the basis of allotment).
If you didn’t get allotment, refunds will be initiated automatically to your bank account.
Expected Listing & Investor Outlook
- Listing Date: 3 February 2026 on BSE SME segment – shares start trading this day.
- Expected Listing Price: Tentatively around the issue close (₹64), based on current GMP sentiment (₹0).
Whether the listing sees gains or softness depends on market sentiment, demand on listing day, and broader indices performance.
FAQs
Q1. When was the Kasturi Metal Composite IPO allotment finalized?
January 30, 2026.
Q2. How can I check my IPO allotment?
Use the registrar’s IPO allotment status form with your PAN or application number.
Q3. What does a ₹0 GMP indicate?
No apparent grey market premium, suggesting expected listing close to issue price.
Q4. What if shares aren’t allotted?
You’ll receive a refund as per IPO timeline through your bank or ASBA account.
Conclusion
The Kasturi Metal Composite IPO attracted fair interest from institutional and retail investors, with a subscription of ~1.8× overall. Allotment was finalized on 30 January 2026, and share listings began on 3 February 2026. Investors should now check their allotment status online through the registrar or broker, and watch the listing movement to decide next steps.
